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Gulf Industrials Ltd.
Summary
| Project: | Gbane | |
|---|---|---|
| Deposit: | Gbane | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 11/6/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-11-2017: Gulf Industrials Ltd. announces an Exploration/Drilling Update report for its Gbane deposit at the Gbane project. JV - Drilling results incl. 10m @ 1.75g/t Au from 49m. The board of Gulf Industrials Limited [ASX Code: GLF] (the Company or Gulf) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Gleeson (SRK Consulting (UK) Ltd.) | |
| ABSTRACT: | The board of Gulf Industrials Limited [ASX Code: GLF] (the Company or Gulf) announces the results of Phase 2 of the drilling programme in the Company’s Gbane Project in Ghana. Phase 2 is the extension of the diamond core programme to test grade and geological continuity of the previously identified mineralised, sheared and altered structure in Phase 1. A further 3,274 metres of new DD core have been drilled in Phase 2 (22 holes, GDD 011-032) along strike north-south over 1.3 km, up dip east towards surface. Further mineralised and altered shears have been identified with good geological continuity but with variable grade and thickness, on hole spacings of 200 x 100 metres. A 3D geological model of this shear-vein system has been constructed, identifying 26 mineralised veins to date, to a vertical depth of 200 metres. The Phase 2 drilling programme has identified additional mineralisation zones, shearing and alteration to those already identified in Phase 1, also with variable gold grade and width (the gold has a strong nugget component, not uncommon in Birimian orogenic gold deposits). Phases 1 and 2 of the Gbane Project have to date drilled a total of 8,637 metres RC (58 holes, GRC 001-058) and 6,286 metres DD core (32 holes, GDD 001-032). Only diamond core was drilled in Phase 2 to advance detailed geological understanding of the shear-vein system. All holes were oriented at a 70-90º azimuth, with an approximate 60º dip to optimise intersections orthogonal to the north-striking, westerly shallow-dipping target horizons. | |
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